Avrasya Petrol ve Turistik Tesisler Stock Forecast
Avrasya Petrol ve Turistik Tesisler stock downgraded to Hold/Accumulate
(Updated on May 13, 2024)
The Avrasya Petrol ve Turistik Tesisler stock price gained 1.36% on the last trading day (Monday, 13th May 2024), rising from TRY 13.21 to TRY 13.39. During the last trading day the stock fluctuated 5.93% from a day low at TRY 12.99 to a day high of TRY 13.76. The price has fallen in 6 of the last 10 days and is down by -7.66% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 296 thousand more shares were traded than the day before. In total, 927 thousand shares were bought and sold for approximately TRY 12.42 million.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 31.46% during the next 3 months and, with a 90% probability hold a price between TRY 15.21 and TRY 19.88 at the end of this 3-month period.
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AVTUR.IS Signals & Forecast
The Avrasya Petrol ve Turistik Tesisler stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately TRY 13.63. On a fall, the stock will find some support from the long-term average at approximately TRY 12.19. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, April 26, 2024, and so far it has fallen -7.66%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Avrasya Petrol ve Turistik Tesisler stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 12.44 and TRY 11.55. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Avrasya Petrol ve Turistik Tesisler finds support just below today's level at TRY 12.44. If this is broken, then the next support from accumulated volume will be at TRY 11.55 and TRY 11.31.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved TRY 0.770 between high and low, or 5.93%. For the last week, the stock has had daily average volatility of 7.15%.
Our recommended stop-loss: TRY 12.66 (-5.45%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (AVTUR.IS) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect Avrasya Petrol ve Turistik Tesisler Yatirimlar Anonim Sirketi to open at TRY 13.38, and during the day (based on 14 day Average True Range), to move between TRY 12.34 and TRY 14.44, which gives a possible trading interval of +/-TRY 1.05 (+/-7.86%) up or down from last closing price. If Avrasya Petrol ve Turistik Tesisler Yatirimlar Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 15.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at TRY 13.59 (1.49%) than the support at TRY 12.44 (7.09%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Avrasya Petrol ve Turistik Tesisler Yatirimlar Anonim Sirketi stock A Buy?
Avrasya Petrol ve Turistik Tesisler holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.100 Hold/Accumulate Downgraded
Predicted Opening Price for Avrasya Petrol ve Turistik Tesisler Yatirimlar Anonim Sirketi of Tuesday, May 14, 2024
Fair opening price May 14, 2024 | Current price |
---|---|
TRY 13.38 ( 0.0747%) | TRY 13.39 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AVTUR.IS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 14.15 | 5.68 % | |
R2 | 13.86 | 3.48 % | ||
R1 | 13.67 | 2.12 % | ||
Current price: | 13.39 | |||
Support | S1 | 13.09 | -2.27 % | |
S2 | 12.90 | -3.63 % | ||
S3 | 12.61 | -5.83 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 13.64 | 1.87 % | |
R2 | 13.60 | 1.57 % | ||
R1 | 13.59 | 1.49 % | ||
Current price | 13.39 | |||
Support | S1 | 12.44 | -7.09% | |
S2 | 11.55 | -13.74% | ||
S3 | 11.31 | -15.53% |
FAQ
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